Leverage is a tricky skill. The problem is that you want the task done a particular way (the RIGHT WAY). The opposing problem is that there simply isn’t enough time in your day to truly finish everything. The trick as an entrepreneur is to do ONLY the task that will impact your goals.
There are 3600 seconds in an hour and 28,800 seconds in a full 8-hour day….
What would it be like to view time abundantly and from a strategic perspective? Have you ever met a person who wasn’t in a rush, didn’t have a checklist, and wasn’t worried about their next meeting?
The Leverage Inventory can help you with that…in fact, it could be a framework to guide you down a whole new lifestyle perspective on ‘time freedom’.
The Leverage Inventory is simply a practice that you or your whole company can complete in one week. Simply spend 1 full workweek doing an inventory of what YOU do all day measuring DPA vs. non-DPA activity.
An important distinction is a Legacy vs. Non-Legacy. Merriam-Webster’s definition of Legacy is a gift by will especially of money or other personal property. At MyOutDesk we define the Gift of Time the ultimate gift we can receive from someone. So our definition of a Legacy task is anything that gives you leverage inside your business and so the setting up of a Legacy task like building out a CRM or a referral program is the ultimate gift because it creates the wonderful gift of TIME FREEDOM. The best business hack for doing this is the almighty sticky challenge, simply spend the day or several (a full week is best) writing down everything you do and the total time it takes you to complete the task. If you’re an overachiever you could create a spreadsheet and really create a great visual representation of what your day is actually filled with.
As Bonus #1 for reading this article, I’ve added a quick guide you can download and use as a quick guide to complete your sticky challenge, sort your task by DPA vs. Non-Dollar Productive, and then also a framework for deciding what should be delegated.
Bonus #2 I really want to help you net a million dollars in your real estate business, so let’s talk about how to prepare for year-end planning, using our Business Growth Strategy. Now that you have the Leverage inventory ask your team and even yourself what would happen if your company had laser focus on Dollar Productive Activity?
For instance one of my favorite clients’ entire operations staff was taught to ask for referrals on every phone call they took. What was the result of having a hyper-focus on DPA of asking for referrals? In 2017 they’ve received more than 785 referrals this year. That same client Toril said it best, “Anything that can be done Virtually should be done Virtually.”
“Anything that can be done Virtually should be done Virtually.”
I truly find that statement an enlightening one.
You see Toril has 4 of our Virtual Assistants and they help them do everything that isn’t sales-related, everything from maintaining their lead tracking system, transaction coordination, creating world-class marketing. It’s amazing what her team of 12 salespeople has accomplished using our Virtual Professionals.
Bonus #3 MyOutDesk will help you build a plan to net significant profits with a free strategy call.
- How many transactions did you close in 2018/2019?
- Where did your buyers come from (i.e. lead source)?
- Who is on your team today and what are their job descriptions?
- What is your goal for 2021?
The MyOutDesk promise: We find talent and make committed matches! My simple hope for you is that you create laser focus within your business and find the exact leverage you need to grow for the rest of this year and beyond.
ENVISIONING OF A NEW REALITY FOR YOUR BUSINESS
Simply put, MyOutDesk equips entrepreneurs & business owners with tools, strategies, and virtual employees – and when combined, businesses have a competitive edge and find growth while efficient systems and processes are put in place.
MyOutDesk proudly provides additional free business growth guides, books, and strategy calls. See what we are about, and we’ll take the time to learn more about your business and offer solutions to foster top talent and lower operational costs for your company.
Did You Know? MyOutDesk’s origin story is set during the last global financial crisis of 2008. Yes, that’s right — our business started by scaling businesses with virtual assistants during a recession! Pioneers of virtual assistant services, our first client in 2008 went from five to seventeen VAs with a completely revamped organizational model in short order, and he told MyOutDesk, “Our virtual professionals have shaved $250,000 off our monthly overhead.”